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Planning Developing a VentureCourse number:1839 Credits:5 Date for course atart and stop:19 mar 2007--25 may 2007 Aim: Learning outcomes: Contents:Content As the commercialisation of an idea into a business is highly dependent on the will power and competence of the people involved, the team must be highly motivated and have a real trust in their project as well as the competence to develop the idea into a business. The ideas developed within the framework of the course should be innovative in the sense that they are based on technical innovations, new scientific results, or new creative methods for organising resources or marketing products and services. Start by looking in your own backyard; a lot of interesting research and development is going on at The Royal Institute of Technology, The Stockholm School of Economic, The University College of Arts Crafts and Design and Karolinska Institute. People with real life experience gained from entrepreneurial work and business development will give some of the scheduled lectures during the course. Students shall form groups by four to develop their ideas into business plans. Ideas and plans will be discussed at seminars attended by co-students and a ‘coach’. The objective of the seminars is to provide students with a forum to discuss their ideas with other students who study different disciplines and who bring to the seminar a variety of skills and business ideas. Toward the end of the seminar series the main objective changes to producing a business plan and to discussing the possibility of successfully launching the different business ideas. The two best business plans presented during the course will have the opportunity to participate in the competitions “European Business Plan of the Year” organised by London Business School and INSEAD and “Venture Challenge” organised by San Diego State University. Both events are frequented by Venture Capital businesses that are interested in supporting promising young entrepreneurs. Previous participants at this event from the SSES are today managing successful enterprises. Structure There will be two weekly sessions lasting two hours each for seven weeks. In addition to this business plan teams will meet several times to be coached in smaller groups by an expert. Each session will involve a mix of teaching methods, see below. Presentation to a panel of the completed business plan will take place in an additional week. Teaching methods The course will involve lectures and regular seminars with academics as well as practitioners. Subsequently, each student team will be mentored throughout the actual creation of the business plan by an individually assigned coach. Prerequisites Students must have a minimum of 80 university credits (120 ECTS respectively), especially in the areas of technology, economics, medicine, biomedicine or design. Experience with administration/management from a practical or theoretical perspective may be valuable, but is not required. Assessment The course is structured around the creation of an actionable business plan and students will be assessed on their course participation and individual theoretic assignment, their completed business plan and the presentation of their plan to a judging panel. Although there will be no formal exam, students will be required to satisfactorily complete all of the course assignments in order to receive a passing grade. Attendance is required and recommended. Literature Course Compendium incl. selected readings and articles Other Responsible institutions The Stockholm School of Entrepreneurship, The Royal Institute of Technology www.sses.se Compulsory moments: Number of students: Selection: Professor Alf Rehn KTH Email: alf@kth.se Contact person: Course leader: |
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